Automobile industry
Toyota Motor Corp., Japan's largest automaker, has formed a groundbreaking partnership with General Motors Corp. to sell GM-made cars in Japan, with the first model, the Toyota Cavalier, set to hit the market in January. This collaboration, resulting from a November 1993 agreement, aims to boost sales of
Automobile industry
Chrysler Corporation has reported that eight of its nine U.S. assembly plants and all three Canadian assembly plants will operate during the week of October 16. The company has outlined specific production schedules for each plant, including shifted hours and days of operation. Notably, the Conner Assembly Plant in
Automobile industry
Twelve top collegiate lacrosse teams will come together to benefit the Central New Jersey Pediatrics AIDS Program at the fourth annual INFINITI Lacrosse Invitational presented by CoreStates Bank. The tournament, hosted by the Princeton University Tigers, features 30 games played over a four-hour period on October 22 at West Windsor
Automobile industry
General Motors vehicles excelled in the 1996 U.S. Environmental Protection Agency (EPA) fuel economy estimates, claiming the top car and six of the top 10 truck spots. The 1996 Geo Metro Coupe from Chevrolet led the passenger car fuel economy charts with ratings of 44 miles per gallon (mpg)
Automobile industry
Johnson Controls, the world's top supplier of automotive seat systems, is poised to begin production at its new 55,000-square-foot facility in Escobar, Argentina. The plant, operated by Johnson Controls Automotive Systems S.A., will manufacture complete seats for Ford and Toyota vehicles, marking the company's
Automobile industry
Maureen Kempston Darkes, president of General Motors of Canada Ltd., argued that the two Japan-based auto makers running manufacturing plants in Canada, Toyota and Honda, already have significant cost advantages over the Big Three and should not be given a tariff break. She stated that the transplants have a significant
Automobile industry
Gentex Corporation, a leading manufacturer of electro-optical products, has begun shipping automatic-dimming mirrors for the 1996 Buick Le Sabre, solidifying its position as a major supplier to the worldwide automotive industry. As a result of its long-term contracts with automakers, Gentex has experienced rapid market expansion, with its NVS(R)
Automobile industry
Hewlett-Packard (HP) and Ford Motor Company have continued their long-term relationship, with HP managing Ford's private internet under a new three-year service and technology contract. The agreement, estimated to be worth $18 million over three years, follows the successful growth of Ford's private internet from 35
Automobile industry
Murray L. Reichenstein, a veteran finance executive with Ford Motor Company, is set to retire at the end of 1995 after a 31-year career with the automaker. Reichenstein, who joined Ford in 1964, has served as Controller of Ford Automotive Operations since May 1994, overseeing key financial functions and guiding
Automobile industry
The world's largest car show, opening in Frankfurt today, is all about making a statement, and sometimes that means being unorthodox. Prototypes that defy conventional design are the ones that capture the most attention, and this year's show is no exception. Volkswagen's Noah, for
Automobile industry
Billionaire investor Kirk Kerkorian has announced his intention to launch another bid for Chrysler Corp., following his failed attempt to take over the auto maker in April. Chrysler, in an effort to blunt the potential takeover threat, has doubled its stock repurchase program to $2 billion. However, Kerkorian remains unimpressed,
Automobile industry
The Ford Motor Company achieved a 2.1 percent gain in light-vehicle sales for August, contributing to the industry's highest seasonally adjusted sales rate for the year. Ford's sales of compact Contour and Mystique cars and clearance incentives on its 1995 Taurus and Sable models drove
